Hello I am looking at releasing a large % share of my residential property, to an investor. Its currently my prime residence. But I want to get some cash out of it, pay down borrowing, move out, and run it as a short-term joint venture BTL - until the market improves. Would the in-coming investor be liable for sdlt? Its not a huge issue, it just affects the yield proposal. Are they buying - Thus liable for sdlt on their %? Or is it an investment - No sdlt? Just a legal arrangement that an (equal value) % of the rental income goes to the investor? I think I understand that if the investor later wanted 100% ownership - that the initial cash investment would retrospectively be considered exchange? With sdlt liable to them upon completion? We rent / then sell when market improves. Just a legal arrangement that an (equal value) % of the sale price is paid to the investor upon sale? So no sdlt to investor? Just the incoming purchaser pays sdlt on the full value at that time? It seems a bit confusing to me that sdlt could be paid twice on the same property??? Once as an investment into the asset to receive rental income and secondly when the property gets sold to a 3rd party. How does it work?

I have two unpaid defaults from August 2012 and would like some clarity and advice about what to do. I know defaults drop off the credit file after 6 years but what actually happens to my file if the accounts remain unpaid? I know its not the same as being statue barred and i believe i have made a payment to both in the last 3 years or so One of the defaults i am not actively being chased for it and havent been for years The other one I am being chased for but the dca has agreed to give me 30 days to sort myself out (find emoloyment) and has froze the account during this time What I want to avoid is the situation of the defaults dropping off the file, but then they issue a CCJ. And what if I agreed to a payment plan which at the moment would take a very long time to pay off? Eventually the account(s) would be closed but wouldnt dissapear from my file until 6 years after the last payment i made? So is it either not do anything, let the defaults drop off and risk a CCJ? Or come to a payment plan and have it cause problems for another 7-8 years? (1-2 to pay them off, and 6 for it to go from my file?)

My debts and some clarity: Since becoming involved with CAG some 6 years ago I have learned so much, but sometimes my mind is clouded and confused. Story: I am long term disabled and in receipt of some benefits and have been debt free twice in this period. But due to moving and having a bad credit rating and a horrible bank I switched to a new bank. I was offered a nice account with Nationwide with a good overdraft and a new credit card, my OD was at £650 and used often, free for a period, this is now sorted and in credit, the credit card was issued with a limit of £1800-00 or thereabouts. It was used to help me move to suitable accommodation and to purchase items for my new home. Deferred interest now expired. Fees are small about a £1 per day interest. I have been slowly reducing the amount of used credit over the past few months and now considering reducing this amount owed rapidly to save me money on interest (which was/is cheaper than HP) I can clear this debt in full within a few months and then consider cancelling the card and going back to cash/debit card only purchases. I have a second card with a very low limit of £500-00 interest is negligible and nearly paid off in full. Finally I have a credit agreement with less than £300 O/S and considering early settlement. (3 year term) 9 months left saving of one months payment. The reasons behind this is to have more money to live on and no more debt. I am also in advance with my rent with my LA by nearly 2 weeks (£250) I can use this to wipe out the HP overnight and save £34pm Gas and electric both in credit as well. By clearing my last debts I would be better off in pocket by £188pm which is a great thing for me... Also all defaults are now off of my credit file and it is creeping up nicely. As of today. I now have no negative marker on my CRF would clearing off these remaining debts early help my credit increase? Is it worth going a little short for say 6 months to get out of debt nearly 18 months early? Thx for reading this long post thoughts welcome... . the reason for clearing my debts is to lease/rent/buy a mobiltiy scooter that will improve my life so much... MM

Hello everyone, Credit card- Citi with Cabot Financial Europe. I am paying to Clarity (online payment via their website) which I guess has been employed by Cabot to take the payments of £1 since 2013. Noddle is updated by Cabot on regular basis showing –£1 each month. Information on Noddle: Account start date 07/2007, opening balance £1436, default balance £1436 ,date of default 06/2010. Between 2010 and 2013 I was paying more than £1 a month so the current balance is down to around £590. The last letter I have received from them is a confirmation of arrangement for £1 a month with Clarity. I called Citi years ago to ask them for more information regarding the debt and about Clarity. They could not find anything in my name with their bank and explained they do not have credit card department anymore as they no longer offer any credit cards and as far as they are aware I don’t owe them anything. They could not give me any information about PPI either.. .They never wrote to me to explain that they ‘sold’ my debt as far as I remember. I sent them CCA request as advised by the helpful people here. They have received my change of address letter and the CCA on Friday 8th of January, 2016 - I can confirm that because I sent it Recorded. This morning they called me but I did not answer. T hey left a voice mail asking me to call them back. I did not provide them with my telephone number on the change of address letter or the CCA request (only address but I guess they have my telephone number from previous contact with them back in 2012-2013). Should I call them or ignore? Why are they calling me?! Anybody with similar experience?

Hi all, I had an overdraft with the Abbey and after they revoked the overdraft and required instant payback I had to move banks as couldn't afford to pay it all back at once and they wouldn't accept anything else. This was in 2006. Its been long gone off my credit files and last year I got a letter from Lowell asking for payment of this overdraft and I sent them back a letter saying that it was statute barred and hadn't heard nothing until this morning. Today I get 2 letters in the same envelope, One from Lowell saying that I've not repaid my Lowell Financial Account and that its been sent to Clarity Credit Management and a letter from Clarity saying they've been instructed to make arrangements with me and have offered me a reduced settlement amount. Should Lowell have passed the debt on considering it was statute barred and what should I do now? Thankyou all in advance Blakey

Hi, I received the below letter a few days ago and wondering what to do about it? I was in debt a few years ago when married to my ex with credit cards and as far as I was concerned its all now been cleared. This letter came out of the blue, I have remarried and changed my name 18 months ago and moved house 3 times in the last 5 years, I don't want to ring them, do I just ignore it? Thank you RESPONSE REQUIRED Dear Mrs......... Clarity Ref: ...................... Customer Name: (My Name!!) We need to contact the above named person regarding an important matter and we have been provided with your address. If you are the person named above, please contact our office on telephone 0844 56 1715. If you are not the named individual, it is important that you contact us immediately in order that our records can be updated and to prevent further correspondence. I look forward to hearing from you. Yours sincerely Clarity Credit Management

Hi I have today received an external agency recovery notification that a debt has been passed from cabot to clarity. The original debt is for next retail and is for 576.44. Clarity are offering a reduced settlement of £432.33 or an affordable payment plan. Do I contact them as I only have their word this is the correct amount as it was such a long time ago ( 5/6 years ago ) or do I ignore this letter until they send solicitors letter. Many thanks for any help

Someone has asked me to enquire on their behalf regarding the new PIP rules when someone is already in receipt of DLA. They received their award following their consultant completing form DS500 which advises the DLA team that they have a terminal condition. They have a motability vehicle through the scheme and their DLA award is due to expire next summer. They have spoken to the DLA team this week and been advised that they will receive a telephone call approximately 20 weeks in advance to be interviewed over the phone and subject to their answers is whether or not they get it renewed. I have been researching through this site to look for similar threads but I presume because it is quite early on in the transition of things, that not too many people have yet been affected. Therefore, can anyone point me in the right direction as to what they might expect in a telephone interview and whether their consultant is still able to complete forms on behalf of his patient? Who will carry out these telephone interviews? Will there still be an appeal process? I am certainly not looking for people's personal opinions as to whether a terminal patient should or should not receive this benefit, I am strictly looking for accurate information set out by either DLA/government bodies or other community organisations which maybe fighting the government and or supporting people through this transitional process. Thanks in advance

Hello caggers, I received a letter yesterday from Arrow Global stating that I owe them over £2800 from a credit card I took out with BOS in 2002. This was defaulted in Aug 2005 following advice from CAB due to unreasonable demands from BOS despite CAB writing to them with my financial statement. Arrow are claiming they bought the debt in 2006 (when I was still at the address the CC was in) but this is the first I've heard from them! I am just checking that considering it is now Sept 2013 and I have made no payment or acknowledged the debt in 8 years, that this is statute barred. Thank you in advance Martini

Hi I am a little uneasy as I have a letter from Clarity arrived today regarding a £1500 debt to Cahoot in which it states "As time is running out our client has advised us that they will consider any offer, however small, to settle the balance" I can't help but feel that this is a letter designed to catch me out and what will happen if I offer £50... .it does say "however small". Has anyone experienced this type of letter? Thank you Deb

Hi All, Just received a letter from Clarity chasing an old, must be now 7 year old debt. I have had no contact from the original creditor or any other DCA regarding this old credit card debt until now. They are asking for a final single payment of 2k less than the amount which I don't remember it being so much at the time, must be all the interest, or settlement repayment plan, which I do not intend on paying anything as I am sure its SB. I have just successfully got Lowells of my back with the help of CAG members only to get a letter out of the blue 3 days later from this different DCA. Do DCAs pass information onto other DCAs or is this just coincidence? My credit file is clear with experian but I have not checked equifax, so should they be the same after 6 years? Can a CCJ be on experian and not on equifax? Any advice on how 'Clarity' work and do they work under different names like Lowell/Red etc? And what would you advise on my next step? Thanks in advance.

Hi, I had car insurance 2 years ago with a company called Octagon Insurance, I did it online. when it came to renewal last year , I went somewhere else. Octagon in their infinite knowledge assumed i would renew with them anyway , so they sent me a renewal quote and promptly advised their financing arm - Creation.co.uk to deduct money from my account and set up a direct debit. I got my bank to refund the unauthorised DD, returned the insurance renewal sent by Octagon , but they have been chasing me for about £200 ever since then. I wrote to them to send me the agreement schedule I had with them , but they ignored my mails. Now they have passed my name to Clarity debt collections , and I found out that Clarity did a Credit check on me without my permissions. They also wrote to me that with their usual threats about putting a default against my credit. any advice on how to tackle this cowboys please? thanks James.

Hi All I took out a Halifax Clarity Card as it often appears in moneysaving expert top picks for using abroad. Every holiday, I took my card and withdrew cash, repaying on return. I must say that the product is excellent and the rates and exchange rate are great. In January, I did a big trip and took over £1000 over ten days. Halifax dropped my credit limit to just above my balance. They wouldn't tell me why and eventually my credit limit was restored to a third of what it was. They did this on the last day of my trip and I was just lucky I didn't need any more cash. In April, I was again on holiday in the UK and withdrew cash. They dropped my limit. They were quicker at restoring it this time but again it was to the lower level. I spoke to a friend who works in the industry and they immediately stated 'That will be your Delphi score'. Apparently, there is a computer algorithm built into credit scoring that works out your likelyhood to default and one of the risk indicators is choosing to withdraw cash from a credit card. I contacted the Ombudsman and OFT. I highlighted that removing cash - fee free and at their best exchange rate was surely a benefit of the card and I did not see why I should be penalised fo this. The Ombudsman was useless, stating that it was part of credit scoring so they could not comment. The OFT stated that they did not deal with individual cases. My friend also told me that it would affect not just my profile with Halifax, but with everyone. I then applied for a number of financial products to compare the rates I got compared to last year. I would add that my financial peosition is stronger this year, with no other adverse information and reducing loan balance paid on time. Last year I was offered 0.3% BELOW Tesco's headline rate, this year I got offered 9.9% when the rates were 6.1%. Sainsbury's 9.9% compared to 6.4%. Zopa accepted for a loan, this year declined. I have noddle for accessing my credit report and I noted that theit guidemark score of me went from 5/5 to 3/5. I suggested to Halifax that they might want to consider reporting the product on credit files as a revolving loan to avoid this problem. They weren't interested, although they did acknowledge that it was likely that their computer kept lowering my limit because I was removing cash from the card, calling this an unexpected side effect. They also suggested that I don't remove cash, but were unable to say why they made it a benefit of the card but did not tell customers that it would ruin their credit score. As there is no charge for cash withdrawals and it is at the same interest rate, the card is clearly making withdrawals on a close par to transactions (minus the interest free period). I write all this as the OFT will look into it if it has affected more than just me. Maybe you have had a similar experience? If so please contact the OFT and Ombudsman to try and get this unfair practice changed. Thanks Saru

HI I just got 2 letters from the Inland Revenue: 1) Said I had filed late and needed to pay almost £1000 in penalty fines. 2) Said my return for 10-11 showed I had 0 tax to pay. The penalty letter was dated 2 days before the letter which stated I had no tax to pay. Do I still have to pay the penalty ? Or were they assuming I would owe tax and were being penalised for not paying it ? Surely it seems really unfair to have to pay the penalty on 0 tax? (Yes I know I was months late and that was wrong but I never seemed to find enough hours to sit and finish it. Was eventually 4 months late...) Does anyone have an idea on this ?

Hi guys, I took out a loan & Credit Card with HSBC years ago. More than 6 years ago, deffo. Now it appears HSBC have joined the two together into a single debt (£2,458.14) and appear to have sold the debt to "Clarity Credit Management", who are now sending me letters demanding I pay up. The funny thing is, the debt doesn't even show on my Credit Report on Experian. How on earth can they chase for a debt that's not even on my record anymore?! Can I fight this, or do I have to pay it? Cheers.

Hello, in Feb 2010 I had just come out of a really bad and abusive relationship and I was working, but I wanted something new. I saw an ad for HLC and took a look at their website. I saw that they offered courses for webdesign and I sent away some details to request more information. Instead I got a sales woman coming over and being in the state that I was back then I foolishly signed up for CIW 1 & 2 at the total sum of £2300. I wanted to sign up for one course but the woman said that they offered a package for both courses at a "cheaper" price. by August 2011 I had moved to a new city, worked at a new job for a year and was making plans to move to Canada. By that point I had already paid £1734 - well above the price for the one course I HAD received all the material for (they only send you the materials and books for the second course when you pass the first). I sent an e-mail to HLC saying that I was moving away to Canada and seeing as I had already paid for the one course I'd taken I would like to cancel the second course. I was told that I had to pay for the second course (apparently even if I haven't received the material for it). I (foolishly) cancelled the direct debit as by that time I had done all the Google research and seen what kind of company HLC really are and was frankly discusted that I had let myself get tricked into paying that kind of money when I could have saved it instead. My plans to move to Canada fell through due to various reasons and instead I received another job and moved to another city. I get paid more, but this city is expensive and I often have trouble making ends meet throughout the month. Last week I received a letter from Clarity with a reference number stating that I need to call them as soon as possible. I know that it's about HLC, because I pay my other bills just fine. Problem is: 1. I am a coward and often have issues with facing these kind of problems. 2. Despite working full-time I have trouble making ends meet every month and that in itself is depressing since I have a student loan from my birth country to start paying off. 3. I guess it's my pride speaking but can they really demand money for nothing? I have not taken the second course, I have not received material for the second course. It feels a bit like paying for milk but walking out of the store with nothing. Can I argue against this debt, or is it a lost cause? Thanks and sorry for the long post. This has just added to the depression I already have due to finances. Edit: I would assume that they've added some insane interest as well for the months I haven't paid, which just depresses me more.

hi everyone im lookin for help regarding a credit card i used to have in 2007 ,i got hit with a lot of charges for late payment etc a i was strugglin to find a job . the account got turned over to a debt collection agency and i told them i was in the process of claiming my charges back. they understood the situation and put the account on hold. i put my claim in to barclays and never heard a thing from them or the debt collection agency and because the amount they ssaid i owed was practically charges i assumed they writ the debt off. recently i have had a letter from the debt company asking where i was with the situation as i still owe the £2250 debt and that i need to reply to them within 7 days or they will continue proceedings. im at my wits end ,i dont know what to do as i thought it was all settled . any advice anyone can give me will be much appreciated

In 1994, three days before I went into Frenchay Hospital for neurosurgery, bailiffs acting on behalf of the Bradford & Bingley ( Leamington Spa Building Society), reposessed my home and evicted myself, wife and three young children. Our house was boarded up and the locks changed. It went for auction and was sold for just £105,000. A 4-bedroom farmhouse in half an acre, it was in good repair but had been left to deteriorate, by the B&B, for almost 2 years. The last valuation we had on the property was £320,000, and that was three months before we were reposessed. The demands for repayment of negative equity of £125,000 started almost immediately and have continued for 17 years, the latest being from Clarity. I have refused to pay anything, stating that the B&B failed in their 'duty of care' in securing a proper price for my home. Six different debt collectors have tried harrassment, threats etc, and one even masqueraded as a publisher, telling me he had an offer on a book he had heard I was writing! He pestered me with calls from an unoccupied office in London EC3. He was acting on behalf of a 'client' and I tracked the calls, via friend in the city. Over the years I received several 'settlement offers' - the first at £20,000 and the latest, this week, from Clarity, offering me a settlement at £94,000. I am 68, partially disabled but not claiming any benefits, living off my state pension and £297 per month private pension - the rest of my money having been 'lost' in the Equitable Life debacle. My modest capital has all gone, paying rent these last 17 years.

The Situation Clarity writing letters claiming I owe them money. I sent them a prove it letter. They are asking me now for my personal details even though they have pursued me for this debt on behalf of their client .. Aktiv Captial. I am reluctant to give out my details cos surely they will already have them if they are writing me letters saying I owe them? After going through my credit report I see the debt is a Debenhams account I settled in 2005 account numbers match - Just 15 days before it was settled - Aktiv Kapital opened their claim on the debt. .... (on the same day it was opened it was also listed as defaulting and for double the amount I owed & previously settled) I have sent prove it letter to Clarity I received this Now my question is whats my next step? Do I send Clarity my date of birth & address history? or a copy of my credit report saying my account is settled or both?? Thank you for reading this & any advice would be muchly appreciated I'm sick of debt agencies fishing around on my credit report.

I have recently received 3 letters from Clarity Credit Management (Collections Department) writing on behalf of their Client: HSBC Bank Plc. The letters read.... [16/11/2010 ""We have been instructed by HSBC Bank Plc to make arrangements with you to repay the above amount...we are prepared to offer you a discount" and gives me the option of a reduced settlement or a Payment plan. [30/11/2010] The next was similar. [15/12/2010] The third gave me one final chance to make a one off payment and that the offer would last 7 days as "we have been unable to agree with you an acceptable payment plan". Initially I thought it was a mistake because: - I have never had a credit card, debit card or any type of store card. - I have never had an account or ANY dealings with HSBC. - I have no debt (other than my student loan which I have not paid back because I am still at University). However when 3 letters arrived I began to worry. I went to a HSBC bank but was told they could not discuss it, I would have to go to Clarity. I am concerned this could effect my credit in the future. Any advice would be helpful.